Monday, July 08, 2019 7:33:35 AM
I've been speculating that ACPIC and CCTI are closely linked for more than a year now.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139797710
ACPIC will be located within spitting distance to our beautiful slab of concrete.
Dr. Richard Horner from the UW assisted in the design of ACPIC for ECED which will house his lab with a focus on pre-combustion research. He hopes to create lucrative coal-derived products from PRB coal, while CCTI hopes he can monetize their Pristine byproducts. The School of Energy Resources won't be the only tenant; ECED will be leasing out lab/office space for other pre-combustion coal research.
As I understand it, Energy Capital Economic Development (ECED) was awarded a $1.5M grant 2 years ago by the WY State Loan and Investment Board (SLIB). ECED then learned it could double that by applying for an Economic Development Administration (EDA) funds matching grant. They set aside the initial $1.5M while they waited... and we waited.
May 1st, it was announced ECED had won their second grant! Since that grant was funds matching, they couldn't touch the first $1.5M until they received the official EDA award letter. Unfortunately, the first grant had a 2 year time limit attached; spend it or lose it. Earlier this year, ECED applied for an extension which seems to be a done deal. As of June 24th, they were still waiting to receive that award letter (with an enclosed check?) before breaking open the piggybank and spending those matching funds.
Who wants to bet that some of those funds are earmarked for the University's enhancements to our test plant?
Keep in mind that those modifications will provide automated byproduct/REM extraction necessary for Horner's research.
I have lots of documentation that I'll try to post later today.
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